You received partial credit in the previous attemp QS 15-12 Adjusting stock investments to fair value LO P4 Prepare Tiker Company's journal entries to record the following transactions and the adjusting entry to record the fair value of the stock investments portfolio. This is the first and only time the company purchased such securities May 9 Purchases 250 shares of Higostock as a short-term investment at a cost of $30 per share. Tiker has insignificant influence over Higo. June 2 Sells 45 shares of its investment in Higostock ($1,30 cost) at 533 per share. Dec. 31 The closing market price (fair value) of the nige stock is $28 per share View transaction list Journal entry worksheet > The closing market price (fair value) of the Hige stock is $28 per share. Record the year-end adjustment to fair value, if any, Note: Enter debts before credit Deba Date Dec 31 General Journal Unrealized loss -Income Record entry Clementy View journal O here to search >